REGISTERED NUMBER: NI034255 (Northern Ireland)

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

CFG HOLDINGS LIMITED

Page

Company Information

1

Group Strategic Report

2

to

5

Report of the Directors

6

to

7

Report of the Independent Auditors

8

to

11

Consolidated Statement of Comprehensive Income

12

Consolidated Statement of Financial Position

13

Company Statement of Financial Position

14

Consolidated Statement of Changes in Equity

15

Company Statement of Changes in Equity

16

Consolidated Statement of Cash Flows

17

Notes to the Consolidated Statement of Cash Flows

18

to

19

Notes to the Consolidated Financial Statements

20

to

37

DIRECTORS:

R G Clements

N E A Holdcroft

D A Holdcroft

REGISTERED OFFICE:

Mallusk Way

Mallusk Road

Netownabbey

Co. Antrim

BT36 4AA

REGISTERED NUMBER:

NI034255 (Northern Ireland)

AUDITORS:

Sumer Auditco Limited

Chartered Accountants & Statutory Auditors

Stone House

Stone Road Business Park

Stoke-on-Trent

ST4 6SR

BANKERS:

Ulster Bank Limited

11-16 Donegal Square East

Belfast

BT1 5UB

The directors present their strategic report and the financial statements for the year ended 31 March 2026.

The principal activity of the group during the year was that of groupage and parcel distribution.

Business review

The Board of Directors is pleased to present the results for the year ended 31 March 2026. The results reflect the resilience and balanced performance of the group throughout the year.

The Group delivered a profitable performance despite challenging trading conditions across the market. Key group costs continued to increase at rates above official published UK inflation measures, placing continued pressure on operating margins. Notwithstanding these challenges, the group maintained a strong financial and operational performance, supported by effective leadership and the commitment, flexibility and dedication of its workforce.

Board meetings remain a key component of the Group's strategic decision-making process and governance framework. Meetings are held routinely throughout the financial year, with a particular focus on reviewing operational performance, assessing financial results and undertaking real-time evaluations of the group environment and emerging opportunities and risks.

Future Developments

The group is launching a major fleet renewal initiative for the upcoming financial year, placing environmental sustainability at its core. To significantly reduce its carbon footprint, the group has invested heavily in site-wide charging infrastructure to support a newly implemented electric forklift fleet. Additionally, upcoming commercial vehicle orders will feature highly efficient, low-emission engines to ensure more eco-friendly operations.

Principal risks and uncertainties

Stagnant global economic growth, driven by deep geopolitical instability, remains our primary operational headwind. The structural impact of these events manifests in higher central bank interest rates and compounding overheads across our supply chain. The group is particularly exposed to hyper-inflation in core operating commodities; for instance, diesel, increasing well above standard consumer price indices, placing disproportionate pressure on our logistics and distribution costs.

Liquidity Risk

The Group manages its financial risks by maintaining a robust liquidity position to comfortably satisfy all foreseeable operational demands and strategic investments. Concurrently, the Group ensures that any surplus cash resources are deployed prudently and profitably. This disciplined approach safeguards our balance sheet while optimising returns.

Foreign Currency Risk

The Group operates within the UK and Europe and is subject to only limited exposure to fluctuations in foreign currency exchange rates. In light of this low level of exposure, the Group has determined that the use of derivative instruments for managing foreign exchange risk is not required.

Going Concern Disclosure

The Group's forecasts and projections, which take into consideration potential variations in trading performance, indicate that the group will remain profitable and cash generative. The Group also maintains established banking facilities that provide adequate funding to meet its operational and strategic requirements on acceptable terms.

After making appropriate enquiries, the Directors have a reasonable expectation that the Group has sufficient resources to continue in operational existence for the foreseeable future. Accordingly, the going concern basis has been adopted in preparing the annual report and financial statements.

SECTION 172(1) STATEMENT

As required by Section 172 of the Companies Act, a director of a company must act in a way he or she considers, in good faith, would likely promote the success of the company for the benefit of the shareholders. In doing so, the director must have regard, amongst other matters, to the following issues:

- the likely consequences of any decisions in the long term;

- the interests of the company's employees;

- the need to foster the company's business relationships with suppliers/customers and others;

- the impact of the company's operations on the community and environment;

- the company's reputation for high standards of business conduct;

- the need to act fairly between members of the company.

As set out above in the Strategic Report the Board remains focussed on providing for shareholders through the long term success of the Company. The means by which this is achieved is set out further below.

S172(1) (a) "The likely consequences of any decision in the long term"

In fulfilling its statutory duty to promote the success of the Group, the Board ensures that stakeholder interests are deeply integrated into all strategic decisions. The Board provides rigorous oversight of operations, upholding the highest standards of corporate governance, group ethics, and social responsibility. Recognising that long-term value is tied to our wider impact, the Board systematically evaluates how its decisions affect our people, the environment, and the local communities in which we operate.

S172(1) (b) "The interests of the Group's employees"

The Directors recognise that our people are fundamental to the Group's group model and vital to the safe, successful delivery of our strategic objectives. Our long-term success depends on our ability to attract, retain, develop, and motivate a talented workforce. To support this, the Group is committed to operating as a responsible employer by maintaining fair and competitive remuneration frameworks while actively embedding comprehensive employee wellbeing initiatives across the organisation.

S172(1) (c) "The need to foster the Group's group relationships with suppliers, customers and others"

The successful delivery of our strategy relies on establishing and maintaining strong, mutually beneficial relationships with our suppliers, customers, and wider stakeholders. The Group is fully committed to engaging effectively with all stakeholder groups, recognising that in an interconnected environment, their perspectives, decisions, and actions significantly impact our operational success. Our growth depends on our ability to collaborate constructively and maintain open, transparent channels of communication.

Key stakeholder engagement activities undertaken during the year include:

" Deploying comprehensive health initiatives alongside mental health first-aid programs to sup-port overall employee wellbeing.

" Facilitating regular town halls and cross-departmental forums to share corporate performance updates transparently.

" Investing in structured training and professional development pathways to retain top talent and close skill gaps.

" Engaging in multi-modal forums to track logistics trends and discover strategic product efficiencies together.

" Hosting periodic performance reviews with key partners to ensure operational KPI alignment and contract compliance.

" Providing dedicated account managers to deliver consistent, tailored communications and high-quality service levels.

" Conducting regular market reviews to align our strategic offerings with evolving consumer demands and budgets.

" Investing in localised infrastructure including electric forklift fleets to drastically reduce site carbon footprints.

" Optimising transport logistics routing to lower carbon emissions and reduce heavy traffic in operational neighborhoods.

" Publishing transparent financial results and annual reports to keep lenders and shareholders comprehensively informed.

S172(1) (d) "The impact of the Group's operations on the community and the environment"

Countrywide is committed to minimising its environmental impact and fully integrates sustainability into its core operations. To advance this strategy and reduce the Group's carbon footprint, we are actively prioritising the adoption of lower-emission vehicles across our fleet. Furthermore, following comprehensive feasibility assessments, we have initiated the phased roll-out of electric forklifts across our operational locations, establishing a clear pathway toward long-term environmental responsibility.

S172(1) (e) "The desirability of the Group maintaining a reputation for high standards of group conduct"

The Board periodically reviews and approves robust governance frameworks to embed ethical group conduct across all levels of the organisation. To maintain a transparent workplace culture, Countrywide enforces comprehensive policies that establish clear behavioural standards for all employees. Under the Board's oversight, the Group maintains equitable employee relations and strict equal opportunity frameworks. Furthermore, Countrywide actively upholds its Modern Slavery Statement, verifying that ethical standards and human rights compliance are rigorously enforced across both internal operations and broader supply chains.

S172(1) (f) "The need to act fairly as between members of the Group"

After evaluating all material factors, the Directors determine the courses of action that best advance the Group's strategic objectives and promote its long-term sustainable success. In making these decisions, the Board systematically balances short-term pressures against the broader impact on our workforce, supply chain partners, and communities. The Directors act in good faith, fairly and responsibly, to discharge their statutory duties to the Group's members while safeguarding the organisation's reputation.

Statement on Energy Consumption

Direct emissions from vehicles represent the principal component of the Group's energy consumption. In pursuit of its sustainability objectives, Countrywide continues to evaluate its operational network to facilitate the use of electric vehicles where practicable. Additionally, the Group is progressing the integration of electric forklifts across its sites. These measures form part of a wider programme to enhance energy efficiency, reduce carbon emissions, and promote environmentally responsible practices throughout the group.

Using the Government's guidance on greenhouse gas reporting and the applicable conversion factors, the Group's direct energy consumption for the financial year amounted to 2,618,512 kgCO2e, representing a reduction from 2,666,973 kgCO2e reported in the prior financial year.

The other principal area of energy consumption relates to electricity used to power operations across the Group's sites. Based on annual usage of 564,374 kWh, electricity-related emissions for the financial year were calculated at 99,890 kgCO2e, using the Government's Greenhouse Gas Reporting: Conversion Factors. This compares with 109,781 kgCO2e reported in the prior financial year.

No energy efficiency measures were implemented during the reporting period. The table below sets out the Group's total energy consumption (reported in kWh) and associated greenhouse gas emissions for the sources required under the regulations, together with the applicable intensity

ratio.

01/04/2025 - 31/03/2026

Total Energy Consumption - Used for Emissions Calculation (kWh)

564,374

Gas Combustion Emissions, Scope 1 (tCO2e)

0

Purchased Electricity Emissions, Scope 2 (tCO2e)

100

Vehicle Fuel Combustion Emissions, Scope 1 (tCO2e)

2,619

Vehicle Fuel Combustion Emissions, Scope 3 (tCO2e)

0

Total Gross Reported Emissions (tCO2e)

2,777

Turnover (£m)

34

Intensity Ratio: Turnover (tCO2e / £m)

81

FINANCIAL KEY PERFORMANCE INDICATORS

The group's key performance indicators are turnover and profit before tax set out in the Statement of comprehensive income.

Turnover in the year FY26 £34,215,513

Turnover in the year FY25 £32,379,363

Gross Profit FY26 £13,471,287

Gross Profit FY25 £13,267,865

Profit before tax FY26 £1,690,435

Profit before tax FY25 £2,047,861

Return on sales

The return on sales at 31st March 2026 was 4.96% (pre-taxation) versus 6.68% in the year to

31st March 25.

Return on Capital Employed

Return on capital employed at 31st March 2026 was 21.32% versus 25.54% in the year to

31st March 25.

There are a number of methods employed to calculate this particular profitability ratio. The method we have adopted is as follows:

[Pre-tax net profit] / [net asset value] x 100

Non-Financial

As a measure of employee engagement and morale, employee turnover and sickness KPI measurements are used as a key indicator. At all board meetings the measurements are provided and discussed at length. Particular emphasis on both short and long term absence is discussed. Key learning outcomes are addressed and where possible policies and procedures enacted to limit these. The company seeks to engage positively with employees to ensure the business is supporting their needs.

Results and Dividends

The results for the year are set out on page 12 and the profit for the year after tax was £1,284,541

During the year dividends were paid of £1,899,500.

ON BEHALF OF THE BOARD:

R G Clements - Director

13 October 2026

The directors present their report with the financial statements of the company and the group for the year ended 31 March 2026.

DIVIDENDS

The total distribution of interim dividends for the year ended 31 March 2026 was £1,899,500.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2025 to the date of this report.

R G Clements

N E A Holdcroft

D A Holdcroft

Other changes in directors holding office are as follows:

M Forsyth - appointed 20 October 2025 - resigned 19 November 2025

EMPLOYMENT OF DISABLED PERSONS

Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled every effort is made to ensure that their employment with the group continues and that appropriate training is arranged. It is the policy of the group that the training, career development and promotion of disabled persons should, as far as possible, be identical with that of other employees.

EMPLOYEE INVOLVEMENT

Details of the number of employees and related costs can be found in note 3 to the financial statements.

The group's policies and practices aim to keep employees informed on matters relevant to them as employees. The group is pro-active in implementing employee friendly schemes such as the provision of childcare vouchers.

Management is committed to ensure a culture of quality, health, safety and welfare of employees while on company premises.

DISCLOSURE IN THE STRATEGIC REPORT

The group has chosen in accordance with section 414C(11) of the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 to set out in the group's strategic report information required by schedule 7 of the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008.

The likely future developments of the business are included in the strategic report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Sumer AuditCo Limited, are deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

ON BEHALF OF THE BOARD:

R G Clements - Director

13 October 2026

Opinion

We have audited the financial statements of CFG Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2026 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Statement of Financial Position, Company Statement of Financial Position, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Statement of Cash Flows and Notes to the Consolidated Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 31 March 2026 and of the group's profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page seven, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

-

the nature of the industry and sector, control environment and business performance including the design of the group's remuneration policies, key drivers for directors' remuneration, bonus levels and performance targets;

-

results of our enquiries of management about their own identification and assessment of the risks of irregularities;

-

any matters we identified having obtained and reviewed the group's documentation of their policies and procedures relating to:

-

Identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance;

-

detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

-

the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;

-

the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

Based on this approach, we were able to assess the company risks and ensure the risks were considered throughout all areas of audit testing. The audit team was professionally sceptical throughout the audit and remained alert for inaccurate or misleading information.

Audit response to risks identified

As a result of performing the above, we identified management override, and compliance with the road safety act, health and safety regulations, DVSA regulations,Working time regulations and Employment rights as key audit matters related to the potential risk of fraud or irregularities.

Our procedures to respond to risks identified included the following:

-

review the outcomes of any external auditors;

-

reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

-

enquiring of management concerning actual and potential litigation and claims;

-

performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

-

obtained an understanding of provisions and held discussions with management to understand the basis of recognition or non-recognition of tax provisions; and

-

in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

Audit testing was completed on a targeted sample basis based on our assessment of risk and materiality. Due to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing fraud or non-compliance with laws and regulations and cannot be expected to detect all fraud and non-compliance with laws and regulations.

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

-

Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

-	Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the group's internal control.

-	Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

-

Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the group or the parent company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Report of the Auditors to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Report of the Auditors. However, future events or conditions may cause the group or the parent company to cease to continue as a going concern.

-	Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

-	Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the group to express and opinion on the consolidated financial statements.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Michelle Coates (Senior Statutory Auditor)

for and on behalf of Sumer Auditco Limited

Chartered Accountants & Statutory Auditors

Stone House

Stone Road Business Park

Stoke-on-Trent

ST4 6SR

13 October 2026

TURNOVER

34,215,513

32,379,363

Cost of sales

(20,744,226

)

(19,111,498

)

GROSS PROFIT

13,471,287

13,267,865

Administrative expenses

(11,775,371

)

(11,103,576

)

GROUP OPERATING PROFIT

4

1,695,916

2,164,289

Share of operating profit in

Associates

289,621

270,007

Interest receivable and similar income

6,761

-

1,992,298

2,434,296

Interest payable and similar expenses

5

(301,863

)

(386,435

)

PROFIT BEFORE TAXATION

1,690,435

2,047,861

Tax on profit

6

(405,894

)

(554,230

)

PROFIT FOR THE FINANCIAL YEAR

1,284,541

1,493,631

OTHER COMPREHENSIVE INCOME

Movement in foreign currency reserve

4,830

(5,973

)

Income tax relating to other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

4,830

(5,973

)

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,289,371

1,487,658

Profit attributable to:

Owners of the parent

1,284,541

1,493,631

Total comprehensive income attributable to:

Owners of the parent

1,289,371

1,487,658

FIXED ASSETS

Intangible assets

9

4,191,106

4,308,014

Tangible assets

10

8,744,846

7,689,756

Investments

11

Interest in associate

91,063

89,825

13,027,015

12,087,595

CURRENT ASSETS

Debtors

12

6,280,192

5,911,338

Cash in hand

2,003

-

6,282,195

5,911,338

CREDITORS

Amounts falling due within one year

13

(8,721,938

)

(7,643,262

)

NET CURRENT LIABILITIES

(2,439,743

)

(1,731,924

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,587,272

10,355,671

CREDITORS

Amounts falling due after more than one year

14

(1,955,020

)

(1,892,516

)

PROVISIONS FOR LIABILITIES

18

(706,957

)

(445,231

)

NET ASSETS

7,925,295

8,017,924

CAPITAL AND RESERVES

Called up share capital

19

227,414

227,414

Share premium

20

350,449

350,449

Revaluation reserve

20

2,704,774

2,187,274

Capital redemption reserve

20

60,868

60,868

Other reserves

20

(259,509

)

(259,509

)

Foreign currency reserve

20

(2,556

)

(7,386

)

Retained earnings

20

4,843,855

5,458,814

SHAREHOLDERS' FUNDS

7,925,295

8,017,924

The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2026 and were signed on its behalf by:

R G Clements - Director

FIXED ASSETS

Intangible assets

9

-

-

Tangible assets

10

7,905,970

-

Investments

11

8,346,917

8,346,917

16,252,887

8,346,917

CURRENT ASSETS

Debtors

12

271,230

202,000

Cash at bank

1,085,936

3,067,791

1,357,166

3,269,791

CREDITORS

Amounts falling due within one year

13

(4,807,584

)

(9,835,196

)

NET CURRENT LIABILITIES

(3,450,418

)

(6,565,405

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,802,469

1,781,512

PROVISIONS FOR LIABILITIES

18

(587,484

)

-

NET ASSETS

12,214,985

1,781,512

CAPITAL AND RESERVES

Called up share capital

19

227,414

227,414

Share premium

20

350,449

350,449

Revaluation reserve

20

2,704,774

-

Capital redemption reserve

20

60,868

60,868

Retained earnings

20

8,871,480

1,142,781

SHAREHOLDERS' FUNDS

12,214,985

1,781,512

Company's profit for the financial year

9,628,199

200,919

The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2026 and were signed on its behalf by:

R G Clements - Director

Called up

share

Retained

Share

Revaluation

capital

earnings

premium

reserve

£

£

£

£

Balance at 1 April 2024

227,414

4,328,945

350,449

2,610,303

Changes in equity

Reserves transfer

-

692,238

-

(692,238

)

Revaluation in the year

-

-

-

269,209

Dividends

-

(1,056,000

)

-

-

Total comprehensive income

-

1,493,631

-

-

Balance at 31 March 2025

227,414

5,458,814

350,449

2,187,274

Changes in equity

Revaluation in the year

-

-

-

517,500

Dividends

-

(1,899,500

)

-

-

Total comprehensive income

-

1,284,541

-

-

Balance at 31 March 2026

227,414

4,843,855

350,449

2,704,774

Capital

Foreign

redemption

Other

currency

Total

reserve

reserves

reserve

equity

£

£

£

£

Balance at 1 April 2024

60,868

(259,509

)

(1,413

)

7,317,057

Changes in equity

Revaluation in the year

-

-

-

269,209

Dividends

-

-

-

(1,056,000

)

Total comprehensive income

-

-

(5,973

)

1,487,658

Balance at 31 March 2025

60,868

(259,509

)

(7,386

)

8,017,924

Changes in equity

Revaluation in the year

-

-

-

517,500

Dividends

-

-

-

(1,899,500

)

Total comprehensive income

-

-

4,830

1,289,371

Balance at 31 March 2026

60,868

(259,509

)

(2,556

)

7,925,295

Called up

share

Retained

Share

capital

earnings

premium

£

£

£

Balance at 1 April 2024

227,414

1,997,862

350,449

Changes in equity

Total comprehensive income

-

200,919

-

Dividends

-

(1,056,000

)

-

Balance at 31 March 2025

227,414

1,142,781

350,449

Changes in equity

Total comprehensive income

-

9,628,199

-

Dividends

-

(1,899,500

)

-

Balance at 31 March 2026

227,414

8,871,480

350,449

Capital

Revaluation

redemption

Total

reserve

reserve

equity

£

£

£

Balance at 1 April 2024

-

60,868

2,636,593

Changes in equity

Total comprehensive income

-

-

200,919

Dividends

-

-

(1,056,000

)

Balance at 31 March 2025

-

60,868

1,781,512

Changes in equity

Total comprehensive income

-

-

9,628,199

Dividends

-

-

(1,899,500

)

Revaluation in the year

2,704,774

-

2,704,774

Balance at 31 March 2026

2,704,774

60,868

12,214,985